10. The Quick ratio of a company is 0.8 : 1. State with reason whether the following transactions will increase, decrease or not change the quick ratio:

(1) Purchase of loose tools Rs.  2,000.

(2) Insurance premium paid in advance Rs.  500.

(3) Sale of goods on credit Rs.  3,000.

(4) Honoured a bills payable Rs.  5,000 on maturity.

Marks-4, CBSE:2016-17/Main-DL/Q-21

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